Commodities May Have Struggled, But Bright Spots Exist

Broad commodities have struggled this year. The S&P GSCI Index is down more than 5% year-to-date. However, there are still opportunities when investors dig a little deeper, according to Teucrium’s Senior Portfolio Specialist Jake Hanley.

Jake Hanley of Teucrium

“Commodities have taken it on the chin, generally speaking, in 2023,” he said at a panel on VettaFi’s Alternatives Symposium.

But according to Hanley, a lot of investors “put commodities under one big basket view.” As a result, they can miss out on individual opportunities.

See more: “Agricultural Economists Upbeat for 2024 Commodities Outlook

For example, Hanley noted some bright spots within commodities. In addition to gold, “sugar is [also]a bright spot.” He noted that the Teucrium Sugar Fund (CANE) is up nearly 60% year-to-date.